James Grant : Value's Day Once More
Read the full article at: http://www.forbes.com/finance/forbes/2007/1224/112.html
Submitted by SilverSlime on Mon, 2007-12-10 03:44.
(via www.forbes.com)
The stock market is falling, or is it the sky? At this writing the answer's debatable. Treasury yields are collapsing, the price of gold is soaring and oil keeps closing in on $100 a barrel. The U.S. dollar is under siege, Fannie Mae and Freddie Mac are on the skids and the economy-stopping word "no" is on the lips of our formerly fearless lenders.
